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Finance

The US equity markets reacted positively to a more detailed framework of the Trump administration's tax reform plan, "most notably Tech stocks expected to benefit from a repatriation tax holiday" noted Mike van Dulken . The hawkish rate sentiment helped fuel S&P 500 financial shares, which gained 1.3 percent. New orders data on Wednesday for key USA -made capital goods also grew more than expected, helping to boost optimism in the US economy's outlook.
  • Why BlackBerry Ltd (BBRY) Stock Is Soaring Today

    Why BlackBerry Ltd (BBRY) Stock Is Soaring Today

    Finance

    A rating of 4 or 5 would indicate a Sell. At the time of writing, the First Call consensus price target for the company is $9.71. While the stock price moved along with the volume change, shares are touching $10.39. Although one can certainly find signs of improvement and sustain optimism about the future of the company, I continue to believe that BBRY is an "option-like investment vehicle best suited for the risk-loving speculator".
  • Trump economic aide says tax overhaul aimed at middle class

    Trump economic aide says tax overhaul aimed at middle class

    Finance

    Nevertheless, he persisted in his position leading the Trump administration's tax reforms - and during his appearance behind the press shop's podium, one journalist took him to task for staying on. On the United States economic front, the Commerce Department released a report showing economic activity increased by slightly more than previously estimated in the second quarter.
  • GDP Growth for Second Quarter in US Revised Up

    GDP Growth for Second Quarter in US Revised Up

    Finance

    The US economy expanded faster than previously estimated in the second quarter, according to a revision issued Thursday by the Commerce Department. The acceleration reflected an upturn in private inventory investment, an acceleration in consumer spending, a deceleration in imports, and an upturn in federal government spending.
  • Stocks Rise After Trump's Tax Plan

    Stocks Rise After Trump's Tax Plan

    Finance

    Dow Jones Industrial Average (DJI) gained 0.3 percent to $22,340 after the close, while S&P 500 was up 0.4 percent to $2,507.04. Asian equities were mostly optimistic on Thursday following Trump's biggest tax reformation plan with MSCI's broadest index of Asia-Pacific shares outside Japan was down by 0.6 percent to $526.54.
  • Asian stocks mostly down as investors focus on US tax reform

    Asian stocks mostly down as investors focus on US tax reform

    Finance

    Besides higher Treasury yields, the Greenback was also supported by optimism over the release of the Trump Administration's long-awaited tax reform plan. "It would be imprudent to keep monetary policy on hold until inflation is back to 2 percent", Yellen said Tuesday in the text of remarks prepared for delivery in Cleveland.
  • Dissecting the Insider Trading Patterns of The Walt Disney Company (DIS)

    Dissecting the Insider Trading Patterns of The Walt Disney Company (DIS)

    Finance

    It has underperformed by 7.44% the S&P500. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Ishares Tr (IVV) was raised too. Since May 1, 2017, it had 0 insider purchases, and 2 insider sales for $781,618 activity. Investors sentiment increased to 1.09 in 2017 Q2.
  • Global gold prices fall as dollar firms, North Korea worries ease

    Global gold prices fall as dollar firms, North Korea worries ease

    Finance

    Separately, Brent oil futures touched a more than 2-year high after major producers said the global market was on track to rebalance and Turkey said it could cut off a pipeline that carries oil from northern Iraq to the global market. The dollar index against a basket of six major currencies was a shade lower at 92.573 after rising 0.5 percent the previous day to a three-week high of 92.724.
  • ConAgra Brands, Inc. (NASDAQ:CAG) To Release Earnings

    ConAgra Brands, Inc. (NASDAQ:CAG) To Release Earnings

    Finance

    Johnson Invest Counsel holds 0.02% or 16,759 shares in its portfolio. Its last month's stock price volatility remained 2.09% which for the week stands at 1.72%. This repurchase authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Following the sale, the director now directly owns 89,260 shares of the company's stock, valued at approximately $2,965,217.20.
  • Rite Aid Corporation (RAD) Releases Quarterly Earnings Results, Hits Expectations

    Rite Aid Corporation (RAD) Releases Quarterly Earnings Results, Hits Expectations

    Finance

    Institutions own 53.10% of Rite Aid Corporation (RAD)'s shares. The company's diluted EPS for trailing twelve months was -0.06. The employed capital is calculated by subrating current liabilities from total assets. The more stable the company, the lower the score. The high insider ownership can as a matter of fact lead to the contradictory result , a management team that is unaccountable because they can keep their jobs under nearly any circumstance.
  • No plans to scrap General Electric locomotive plant, says Piyush Goyal

    No plans to scrap General Electric locomotive plant, says Piyush Goyal

    Finance

    Around 25-30 percent of India's locomotives are diesel-engined. GE has investments in India's power, healthcare and transportation sectors. With a goal of electrification of the railways , the Railway Ministry had reportedly told GE that it would not require diesel locomotives in the future and offered that the company manufacture electric locomotives at the Bihar GE factory instead.
  • Roku's IPO price values it at $1.3 billion

    Roku's IPO price values it at $1.3 billion

    Finance

    Roku is selling 9 million new shares, and existing shareholders are offering 6.7 million. "We have built a purpose-built operating system for TV, it is the best way to stream and that's how we get customers". In the quarter ended June 30, the company posted a net loss of $15.5 million, bigger than $14.1 million loss in the year-ago quarter. And while the company is trying to move away from the fiercely competitive, low-margin hardware business so that it can grow its advertising business, ...